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Rina Elena

Update on Rina Elena

The borrower continues in her craft business, selling sweaters, purses and hats. She works from 8:00 a.m. to 7:00 p.m., has been in business several years; and things are going well for her. Her goal is to expand her business. She is requesting a loan to buy hats, purses and sweaters.

The borrower is grateful for the loan and committed to paying it back on time.
View original language description ↓
La socia se sigue dedicando al negocio de venta de artesania,la socia vende chompas,carteras y chuyos,la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m,la socia ya tiene varios años y le va muy bien,el sueño de la socia es ampliar el negocio de venta de artesania.La socia solicita el credito para comprar chuyos,carteras y chompas.

La socia se siente agradecida por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Rina sells crafts. She has worked in this business many years and it gives her both personal and economic satisfaction. She makes Peruvian sweaters, hats, purses, and other things. By doing this work, she is able to help her family get ahead. She is seeking a loan so that she can buy wool f... More from Rina Elena's previous loan »

Additional Information

Important Information

About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Peru

  • $12,000
    Average annual income
  • 116
    View loans »
    Peru Loans Fundraising
  • $60,091,700
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Rina Elena to buy hats, purses and sweaters.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 13, 2013
Sep 11, 2013
Currency Exchange Loss:
Jan 17, 2014
This photo was used before for a previous loan for Rina Elena. It was first posted on Kiva on Jun, 2013. Learn More